BNB over performed through first target of 20.23, formed a small triangle which it recently broke bearish. looks like we may be forming an ascending right triangle if up sloping support can continue to hold. note increased volume in current price range compared to the volume towards the 14-15 local low. we are in an expanding/widening uptrend maintaining higher...
we are possible inside a downward channel. we have had several resistance and support touches on the median line of the possible channel. Recently we bullishly broke the median line impulsively and are currently sitting at the top resistance line of the proposed channel.
Triangle from yesterday broke bearish and is currently bouncing off the first resistance level. if we return to the bottom of the previous triangle support (dashed white line) we will be looking for rejection to confirm more downside. it may be that the triangle is forming into a falling wedge. note the increase in volume as we approach the 9150 area.
We came down into a bull channel which broke bullish and formed falling wedge double bottom. Since then we have been making consistent higher lows. We then formed and broke bullish from an ascending right triangle that may end up possibly being a bull trap. We are now forming a triangle, looking for direction. Recently found support at the M30 200 SMA.